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Hexaware Technologies Ltd

In: Business and Management

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Course Code: ACC501 Course Title: ACCOUNTING FOR MANAGERS
Course Instructor: Sukhpreet Kaur
Academic Task No.: 1 Academic Task Title: Company Based Assignment
Date of Allotment: 08/30/2014 Date of submission: 9/12/2014
Student’s Roll no: RQ1405B58 Student’s Reg. no: 11401812
Evaluation Parameters: Solely based on the basic introduction and overview of the business of Hexaware Technology ltd.

Learning Outcomes: From this task we came to know about the overview of company, History of the Company, Business of the Company, Management of the Company, Competitors, Future plans of the Company, SWOT of the Company.

I declare that this Assignment is my individual work. I have not copied it from any other student’s work or from any other source except where due acknowledgement is made explicitly in the text, nor has any part been written for me by any other person.
Student’s Signature:

Evaluator’s comments (For Instructor’s use only) General Observations | Suggestions for Improvement | Best part of assignment | | | |
Evaluator’s Signature and Date:

Marks Obtained: _______________ Max. Marks: ______________

Introduction to company |

* History of company

Atul Nishar, the founder of Hexaware, started Ap tech computer education in 1984, which went on to become a noted Indian IT education provider Later the company started providing business solutions and made into a separate IT division of Apple Industries. In 1990 it was spun into a new company which functioned for nearly a decade. In 2002 major restructuring happened as all the training activities were demerged into A tech and business solutions were made part of Hexaware Technologies Ltd. A tech was later sold to SSI the same year.] Also same year, Hexaware's fully owned subsidiary Caliber Point Business Solutions was started with an investment of INR 50 million Business Process Outsourcing (a BPO) operations. Caliber Point Business Solutions Ltd. a wholly owned subsidiary of Hexaware Technologies won “Award for Operational Excellence & Quality at The BPO Excellence Awards 2010- 2011. Caliber Point mainly focuses on the global healthcare industry with specialty in claims processing services.

* Business of the company 1. Oracle services
Hexaware is an Oracle Platinum Partner, offering comprehensive services across the entire value chain of Oracle E-Business suite. With our right blend of industry domain expertise, Oracle Solution Experts, Tools & Accelerators and best practices.
Hexaware has created a unique positioning for its Oracle E-Business suite practice, which is backed by multiple successful engagements across various different industry segments. As a premier Oracle Service Provider, our services range right from Consulting, Implementations & Rollouts, Integration’s, Upgrades & Migration, Application Management & Support, Custom Developments & Enhancements, Database Support and Testing 2. SAP
Hexaware’s SAP practice has proven track record of being a ‘trusted SAP partner’ for leading Global Fortune companies. Our capabilities and expertise span across the entire SAP life cycle right from consulting, global implementation and rollouts, technical upgrades, migrations and application support and maintenance.
SAP services across wide range of multiple industries such as Manufacturing, Transportation and Logistics, Health Care, Professional services, Financial Services, Retail and many more. Our transformation experience within these industries have enabled us to bring innovative engagement models, aimed at reducing IT spending to address key Business and IT challenges at an accelerated pace. 3. MICROSOFT DYNAMIC
Hexaware is a partner of Microsoft globally. We have a dedicated practice to provide end to end solutions to our clients using Microsoft technologies. This practice consists of Dynamics competency Unit and Microsoft – Technology Center of Excellence.
As part of the Technology Adoption Program (TAP), we have built add-on solutions with Microsoft on AX products: * AX Cross Migration Tools * AX Upgrade Tool * CRM 4.0 Programs 4. Business intellegence

Our Business Intelligence & Analytics solutions help you transform into a dynamic enterprise through actionable intelligence. We have many patent pending innovations which help you with faster and efficient deployment and over 80 plus satisfied customers from Fortune 1000 companies across diverse industries. From consulting, articulation and development, to deployment and support, Hexaware can architect and implement data warehouses and BI systems, employing solution accelerators, process frameworks and jumpstart analytical kits, for any part of your business process. 5. Mobility services
As businesses are driven to adopt Mobility, there is an associated stress on business and IT to keep up with the evolving Mobile technology and the supporting infrastructure requirements. The support of a well-established partner to mobile-enable the enterprise is imperative to succeed and sustain the mobility initiatives and realize the enterprise mobility roadmap. 6. Cloud services
Cloud adoption and transformation requires a thorough analysis of an organization’s current business and technology landscape. Apart from addressing the short-term needs, an understanding and appreciation of the organization’s future strategic goals and objectives is imperative to make the cloud adoption journey successful. 7. Human capital management service
In today’s fast paced competitive market, HR function takes the center stage for delivering sustainable business value. HR Transformation continues to be a significant priority as businesses evolve to the next level of growth transition.
Hexaware’s HCM Services are focused to address your key challenges around enterprise’s workforce administration, talent management, compensation management, and leave administration needs, our comprehensive suite of services and result-oriented approach is a key success factor in transforming potential into performance. 8. Java technology services
In today’s fast paced competitive market, HR function takes the center stage for delivering sustainable business value. HR Transformation continues to be a significant priority as businesses evolve to the next level of growth transition. It is highly imperative that HR function act as the front runner in maximizing talent, promoting efficiency, optimizing costs, and achieving superior business outcomes. In order to drive the People Agenda, HR executives are looking forward to a leaner and smarter environment which helps them with better performance and growth.
Hexaware’s HCM Services are focused to address your key challenges around enterprise’s workforce administration, talent management, compensation management, and leave administration needs, our comprehensive suite of services and result-oriented approach is a key success factor in transforming potential into performance.
Microsoft technology services
In today’s fast paced competitive market, HR function takes the center stage for delivering sustainable business value. HR Transformation continues to be a significant priority as businesses evolve to the next level of growth transition. It is highly imperative that HR function act as the front runner in maximizing talent, promoting efficiency, optimizing costs, and achieving superior business outcomes. In order to drive the People Agenda, HR executives are looking forward to a leaner and smarter environment which helps them with better performance and growth.

Management team of company
A committed management team anchors the organization effectively to its goal of providing high quality software solutions to its clients. Equipped with technical expertise, excellent domain knowledge and extensive cross-functional experience, they nurture interactive relationships with the client community.
Click on the executive names below to access their profiles. Mr. Atul K. Nishar
Chairman | Mr. P R Chandrasekar
Vice Chairman | Mr. R Srikrishna
Chief Executive Officer | Mr. Ramanan R V
Executive Director & President – Global Delivery | Mr. Rajiv Pant
President – North America Operations | Mr. Ramanan Seshadri
Executive Vice President and Global Head of the Healthcare & Insurance vertical | Mr. Uday C Reddy
Senior Vice President APAC – Sales | Mr. Madhu Kumar
Executive Vice President & Global Head – Travel & Transportation | Mr. Sreenivas V (Sreeni)
Chief Strategy Officer | Mr. Chinmoy Banerjee
Chief Executive Officer, Caliber Point | Mr. Moorthi Chokkanathan
President & Global Head – Enterprise Solutions | Mr. N Nataraj
Chief Information Officer & Global Head – Infrastructure Management Services | Mr. Ravi Vaidyanathan
Senior Vice President & Global Head – Banking & Financial Services | Mr. Rajesh Kanani
Senior Vice President Corporate Finance & Chief Financial Officer | Mrs. Amberin Memon
Chief People Officer | Mr. Amrinder Singh
Senior Vice President – Europe Sales | Mr. Satya Samal
Senior Vice President & Global Head – Manufacturing | |

Competitors :
HCL Tech is in the Computers - Software sector. The current market capitalisation stands at Rs 114,751.28 crore.The company has reported a standalone sales of Rs 4,771.44 crore and a Net Profit of Rs 1,983.24 crore for the quarter ended Jun 2014.

The company management includes Shiv Nadar - Chairman & Chief Strategy Officer, Roshni Nadar Malhotra - Additional Director, Vineet Nayar - Non Executive Director, Amal Ganguli - Ind. Non-Executive Director, Keki Mistry - Ind. Non-Executive Director, R Srinivasan - Ind. Non-Executive Director, Robin Abrams - Ind. Non-Executive Director, Sosale Shankara Sastry - Ind. Non-Executive Director, Srikant Madhav Datar - Ind. Non-Executive Director, Subramanian Madhavan - Ind. Non-Executive Director, Subroto Bhattacharya - Ind. Non-Executive Director, Sudhinder Krishan Khanna - Ind. Non-Executive Director. * Geometric limited
Geometric Ltd is a software services and consulting company headquartered in Mumbai, India. Its portfolio includes Product Lifecycle Management (PLM), Global Engineering Services and Offshore Product Development (OPD).
Geometric was set up as a Division of Godrej and Boyce in 1984-85. The company was incorporated in 1994[5] and is headquartered in Mumbai, India. It is listed on the Bombay Stock Exchange and the National Stock Exchange of India. Its portfolio includes Engineering Services along with PLM. Geometric is assessed at SEI CMMI 1.1 Level 5 for its software services and ISO 9001:2008 certified for engineering operations. The company’s operations are also ISO 27001:2005 certified.
The company has two main business subsidiaries. Geometric Engineering, Inc., formerly Modern Engineering, Inc., headquartered in Rochester Hills MI, provides product engineering and manufacturing engineering services to the automotive and industrial sectors. * Hcl Infosystem ltd.
HCL Info is in the Computers - Hardware sector. The current market capitalisation stands at Rs 1,784.15 crore.The company has reported a standalone sales of Rs 1,377.65 crore and a Net Loss of Rs -198.03 crore for the quarter ended Jun 2014

Future plans of company
Hexaware UXP Services offer clients a unique way to address challenges of this connected world despite limitations of their own, less-agile operating models.There are some type of plans are making which are showing following :
New Digital Products and Services
We help you reduce the risks of creating critical and complex new applications and seize the opportunity to transform user experience and commercial outcomes.

Mobile Design
Whether it is extending an existing service onto mobile devices or creating an entirely new mobile service, we can support your expansion in this rapidly developing channel. We help with ‘Web vs Native’, or ‘Hybrid vs Responsive’ decisions, and design useful, elegant mobile experiences that create value.
Re-engineering Legacy Applications
Consumer behavior and attitudes are changing fast vis-a-vis rapidly advancing technology. Most businesses are not keeping pace with this change. Our UXP can help you create a clear roadmap for your business to serve your customers, and understand how to harness the right technology for the same, with enhanced features and added user channels.
Service Design
Digital channels rarely operate in isolation. We can help you develop a harmonized and holistic picture of the customer experience across all your touch points. This allows you to design the whole multichannel experience and create alignment between different parts of your operation.
Enterprise Applications
We help you achieve the maximum value out of an existing user experience by improving the way it works for customers. Enhance your applications workflow using our user centered approach to increase ease of use and improve productivity, which are top two priorities in enterprise products. Our user testing and interaction design cycles can create huge commercial gains and dramatic improvements in customer satisfaction.
Design Support
Our digital experience design team provides continuing support for transition from planning to development mode. We protect the integrity of the user experience and look for intelligent trade-offs when you encounter technical constraints. Our experienced UX team offers user experience design both as a standalone service and to augment your existing design pool.
Our Mission
To be competitive and proactive in providing software solutions to customers by continuously striving to exceed their expectations.
Swot analysis
Swot states that strength, weakness, opportunities, threats. * Strength
Economies of Scale (Qmobile Noir Z4) man power good quality
Innovative Culture (Testing)
Geographically Diverse Business
Good experience
Strong Management (SUPERMARKET)
Customer Loyalty (SUPERMARKET)
Innovative Culture
Strong Management (Travel Agency) * Weakness * Weak Brand (Qmobile Noir Z4)
Mobile Phones - Less money for advertisements no website or other online presence yet (Test Android app) no advertising budget (Test Android app)
High Staff Turnover (Mycom1)
Customer Service (UCS)
Lack of Adequate Resources
Outdated Technology (Honiton LED)
Customer Service (Honiton LED)
Weak Brand (Honiton LED)
High Staff Turnover (HMS1)
Bad Acquisitions (HMS1) * Opportunities * New Products (Qmobile Noir Z4)
International Expansion (PHD MARKETING INC)
New Technology (Qmobile Noir Z4)
4 (Xyz3)
Innovation (BISON)
Financial Leverage (The Beach Water Park SWOT - By Alberto Garza)
Digital Marketing
Growing Community Healthcare Programs
Increased Managed Care Business * Threats
Intl Competition (Qmobile Noir Z4)
Increasing cost to license content
Viruses Are Starting to Affect Facebook
Skype - Competitor to FaceTime
Intense Competition (PHD MARKETING INC)
Substitute Products (Qmobile Noir Z4)
Intense Competition (Mycom1)
Intl Competition (Mycom1)
Substitute Products (Mycom1)
Price of gold rising
Bad Economy (Honiton LED)
Change in Tastes (Honiton LED)
Substitute Products (Honiton LED)
Volatile Currencies (2go group inc.)
Bad Economy (HMS1)…...

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Lessee Ltd

...Group 4 Case 11-6 Lessee Ltd. Lessee Ltd. (a British company that applies IFRSs) and Lessor Inc. had a lease agreement starting on January 1, 2007 which Lessee Ltd. rents equipment from Lessor Inc. for three years. The remaining useful life of the equipment is four years. The fair value of the equipment is $265,000. At the end of the lease term, Lessee Ltd. has guaranteed $20,000 as the residual value. The agreement contains no purchase or renewal options, which means at the end of the lease term, Lessee Ltd. needs to return this equipment to Lessor Inc. in original condition. According to the agreement, Lessee Ltd. needs to make lease payments of $100,000 to Lessor Inc. each year. Also, Lessee Ltd. is responsible for other expenses like insurance, tax and maintenance that cost $2,000 per year. The lessee’s incremental borrowing rate is 11% and Lessor’s implicit rate is 10%. Two accountants of Lessee Ltd. analyzed the assets of the lease. For the present value of lease obligation, if using the implicit rate in the lease (10%), the residual value would be $15,026 and the present value of annual payment would be $248,690. If using the incremental borrowing rate (11%), the residual value would be $14,624 and present value of annual payment would be $244,370. But on the computations of lease payments, the junior and senior accountant used two different ways. The junior accountant defined it is an operating lease and simply added lease expense and insurance expense......

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